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A Price Support Set Above the Equilibrium Price Does Which

Question 117

Multiple Choice

A price support set above the equilibrium price does which of the following?
i.decreases producer surplus
ii.decreases consumer surplus
iii.decreases the marginal cost of the last unit produced


A) i and ii
B) i and iii
C) ii and iii
D) i, ii, and iii
E) ii only

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